National Bank of Canada FI Has $78,000 Holdings in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

National Bank of Canada FI grew its holdings in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 1,402.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,023 shares of the company’s stock after buying an additional 14,023 shares during the period. National Bank of Canada FI’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $78,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in Abrdn Emerging Markets Equity Income Fund in the 3rd quarter valued at approximately $3,574,000. Private Advisor Group LLC boosted its stake in shares of Abrdn Emerging Markets Equity Income Fund by 20.7% during the 4th quarter. Private Advisor Group LLC now owns 110,256 shares of the company’s stock valued at $572,000 after buying an additional 18,935 shares during the period. Wolverine Asset Management LLC grew its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 13.3% during the 4th quarter. Wolverine Asset Management LLC now owns 172,882 shares of the company’s stock valued at $897,000 after acquiring an additional 20,254 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth $4,329,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Abrdn Emerging Markets Equity Income Fund by 94.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,385 shares of the company’s stock worth $49,000 after purchasing an additional 4,555 shares in the last quarter. 73.93% of the stock is owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Trading Up 5.2 %

NYSE AEF opened at $4.83 on Friday. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.43 and a 12-month high of $5.84. The company has a 50 day moving average price of $5.14 and a two-hundred day moving average price of $5.30.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 12.42%. The ex-dividend date of this dividend was Tuesday, March 25th. This is a positive change from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.10.

Abrdn Emerging Markets Equity Income Fund Company Profile

Abrdn Emerging Markets Equity Income Fund Inc is a closed ended balanced mutual fund and managed by Aberdeen Asset Managers Limited. It invests in the public equity and fixed income markets of Chile. The fund seeks to invest in securities of companies operating across diversified sectors. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio.